Avalanche (AVAX) Achieves Market Capitalization of $14.22 Billion

Avalanche (AVAX) traded 0.5% lower against the US dollar during the 1-day period ending at 22:00 PM E.T. on May 5th. One Avalanche coin can now be purchased for about $37.39 or 0.00058332 BTC on cryptocurrency exchanges. During the last seven days, Avalanche has traded up 9.8% against the US dollar. Avalanche has a total market cap of $14.22 billion and approximately $300.96 million worth of Avalanche was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• NEAR Protocol (NEAR) traded up 7.3% against the dollar and now trades at $7.31 or 0.00011410 BTC.
• Internet Computer (ICP) traded up 1.3% against the dollar and now trades at $13.18 or 0.00020563 BTC.
• Hedera (HBAR) traded 6% higher against the dollar and now trades at $0.11 or 0.00000178 BTC.
• Cosmos (ATOM) traded up 7.7% against the dollar and now trades at $9.40 or 0.00014663 BTC.
• Cronos (CRO) traded up 1.5% against the dollar and now trades at $0.13 or 0.00000209 BTC.
• Fetch.ai (FET) traded up 11.9% against the dollar and now trades at $2.38 or 0.00003709 BTC.
• Algorand (ALGO) traded up 0.7% against the dollar and now trades at $0.20 or 0.00000306 BTC.
• Akash Network (AKT) traded 14.3% higher against the dollar and now trades at $4.90 or 0.00007660 BTC.
• Kava (KAVA) traded 2.1% higher against the dollar and now trades at $0.69 or 0.00001079 BTC.
• Theta Fuel (TFUEL) traded 1.3% higher against the dollar and now trades at $0.11 or 0.00000169 BTC.

About Avalanche

AVAX uses the hashing algorithm. It was first traded on September 21st, 2020. Avalanche’s total supply is 439,027,822 coins and its circulating supply is 380,338,182 coins. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here. Avalanche’s official website is avax.network. Avalanche’s official message board is medium.com/avalancheavax. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here.

According to CryptoCompare, “Avalanche (AVAX) is an open-source smart contracts platform launched in September 2020, known for its high scalability and rapid transaction finalization (sub-one second). Developed under the leadership of Dr. Emin Gün Sirer, it’s a robust platform for decentralized finance (DeFi) and enterprise blockchain solutions. The network can handle over 4,500 transactions per second and offers enhanced security against 51% attacks. Compatible with Ethereum’s development toolkit, Avalanche allows for easy interoperability and supports millions of independent validators as full block producers. It is also eco-friendly, catering to Web3 developers. The AVAX token serves multiple roles within the network, including transaction fees and network security. With the ability to host decentralized applications (dApps) and custom blockchains, Avalanche offers a versatile, high-performance ecosystem for developers, investors, and enterprises alike.”

Buying and Selling Avalanche

It is usually not presently possible to purchase alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to trade Avalanche should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView